Prologis Inc’s filing revealed that its Chief Investment Officer Ghazal Joseph unloaded Company’s shares for reported $0.67 million on Aug 23 ’24. In the deal valued at $129.07 per share,5,200 shares were sold. As a result of this transaction, Ghazal Joseph now holds 13,187 shares worth roughly $1.41 million.
Then, Ghazal Joseph bought 5,200 shares, generating $671,164 in total proceeds.
Robert W. Baird upgraded its Prologis Inc [PLD] rating to an Outperform from a a Neutral in a research note published on January 06, 2025; the price target was decreased to $123 from $124. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in mid December from “a Strong buy” to “an Outperform”. BMO Capital Markets also remained covering PLD and has decreased its forecast on December 06, 2024 with a “an Underperform” recommendation from previously “Market perform” rating. Goldman revised its rating on October 21, 2024. It rated PLD as “a Neutral” which previously was an “a Buy”.
Price Performance Review of PLD
On Tuesday, Prologis Inc [NYSE:PLD] saw its stock fall -0.08% to $106.58. Over the last five days, the stock has gained 1.41%. Prologis Inc shares have risen nearly 0.83% since the year began. Nevertheless, the stocks have fallen -18.37% over the past one year. While a 52-week high of $135.76 was reached on 01/06/25, a 52-week low of $100.82 was recorded on 01/03/25. SMA at 50 days reached $111.94, while 200 days put it at $116.69.
Levels Of Support And Resistance For PLD Stock
The 24-hour chart illustrates a support level at 105.67, which if violated will result in even more drops to 104.76. On the upside, there is a resistance level at 107.89. A further resistance level may holdings at 109.20. The Relative Strength Index (RSI) on the 14-day chart is 44.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.12, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 35.94%. Stochastics %K at 54.61% indicates the stock is a holding.
How much short interest is there in Prologis Inc?
A steep rise in short interest was recorded in Prologis Inc stocks on 2024-12-13, growing by 0.93 million shares to a total of 12.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 11.97 million shares. There was a rise of 7.19%, which implies that there is a positive sentiment for the stock.
